2012 Nov 8th

The Weekly Wednesday Wrap-Up – Hoboken Residential Sales and Activity for the Weeks of October 31st & November 7th, 2012

 

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Since we missed last week’s Wrap-Up, the numbers below cover the Residential Property Sales and Activity for the past two weeks:

152 active Hoboken listings:

  • 139 Condo & Co-op listings, compared to 148 two weeks ago
  • 13 Single- and multi-family listings, compared to 12 two weeks ago
  • 8 DABOs (Deposit Accepted By Owner i.e. under contract) vs 9 two weeks ago
  • 9 Sold vs. 16 two weeks ago
  • 18 New listings vs. 17 two weeks ago
  • 1 Price change vs. 4 two weeks ago
  • 4 expired listings vs. none two weeks ago

1 Bedroom & Studio Properties

4 New listings

1 Price change

50 Active listings

1 DABO

  • 326 Madison St., 1 listed Oct 1 for $315K;

 

None Sold

2 Bedroom Properties

10 New listings

No Price changes

73 Active listings

4 DABOs

  • 116 Adams St., 5 listed Sept 27 for $425K;
  • 805 Willow Ave., 1R listed Oct 10 for $485K;
  • 150 14th St., 504 listed Oct 17 for $599K;
  • 222 Grand St., 4A listed Jul 20 for $780K; reduced Sept. 18 to  $765K;

8 Sold

  • 813 Park Ave., 1L listed April 20 for $319K; reduced Aug 30 to $299K; sold for $265K;
  • 550 1st St., 2 listed Jun 6 for $330K; sold for $320K;
  • 95 Willow Ave., 3R/4B listed Aug 24 for $348K; sold for $345K;
  • 839 Willow Ave., 2 listed Jul 10 for $375K; sold for $360K;
  • 700 1st St., 15H listed Aug 24 for $575K; reduced Sept 19 to $564K; sold for $565K;
  • 1325 Adams St., 601 listed April 23 for $619K; sold for $583K;
  • 72 Garden St., 1L listed Aug 13 for $635K; sold for $627K;
  • 78-80 Jackson St., 3D listed Aug 10 for $699K; sold for $705K;

3 Bedroom & Bigger Properties

4 New listings

No Price changes

21 Active listings

8 Multi-Family Active listings

3 DABOs
  • 930 Willow Ave., listed Oct 12 for $989K;
  • 1231 Bloomfield St., listed Sept 28 for 1.599M;
  • 158 13th St., listed Nov 7 for 1.60M;
1 sold
  • 904 Jefferson St., 6K listed Jun 29 for $749K; reduced Jul 30 to $730K; sold for $720K;
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2012 Oct 17th

The Weekly Wednesday Wrap-Up – Hoboken Residential Sales and Activity for the Week of October 17th, 2012

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This Week’s Residential Property Sales & Activity versus last week’s:

162 active Hoboken listings:

  • 149 Condo & Co-op listings, compared to 149 last week
  • 13 Single- and multi-family listings, compared to 13 last week
  • 9 DABOs (Deposit Accepted By Owner i.e. under contract) vs 14 last week
  • 14 Sold vs. 22 last week
  • 19 New listings vs. 26 last week
  • 9 Price changes vs. 4 last week
  • 3 Expired listings vs. 1 last week

1 Bedroom & Studio Properties

11 New listings

4 Price changes

61 Active listings

No DABOs

 

9 Sold

  • 461 4th St., 1E listed May 28 for $279K; reduced Jul 5 to $275K; reduced Jul 28 to $269K; sold for $265K;
  • 407-409 Monroe St., 2C listed Mar 26 for $295K; sold for $285K;
  • 1016-1018 Willow Ave., 301 listed Jul 19 for $329K; sold for $320K;
  • 109 Jackson St., 3H listed Jul 10 for $349K; sold for $330K;
  • 203 14th St., 2A listed Jun 28 for $375K; reduced Aug 15 to $345K; sold for $345K;
  • 700 1st St., 16PR listed Mar 28 for $399K; sold for $385K;
  • 1125 Maxwell Ln., 551 listed Jul 25 for $550K; sold for $530K;
  • 1425 Garden St., 204/2D listed Jul 31 for $590K; sold for $575K;
  • 610 Clinton St., 1A listed Jan 21 for $699K; sold for $661K;

2 Bedroom Properties

5 New listings

5 Price changes

71 Active listings

8 DABOs

  • 323 Jackson St., 402 listed Oct 8 for $379K;
  • 308-310 Garden St., 3L listed Aug 16 for $519K; reduced Oct 2 to $515K;
  • 610 Newark St., 11C listed Oct. 8 for $530K;
  • 210 Jackson St., 3 listed Sept 27 for $550K;
  • 700 1st St., 7E listed Sept 29 for $550K;
  • 129 Harrison St., 9 listed Oct 5 for $550K;
  • 1025 Maxwell Ln., 515 Listed Oct 15 for $860K;
  • 1125 Maxwell Ln., 558 listed Jun 28 for $1.650Mil.;

4 Sold

  • 730-732 Adams St., 5D listed Aug 14 for $305K; sold for $299K;
  • 205 Park Ave., 1 listed Sept 3 for $449K; sold for $475K;
  • 703 Park Ave., 2 listed Jul 16 for $485K; sold for $502K;
  • 114 Jackson St., 2 lsited Aug 16 for $505K; sold for $505K;

3 Bedroom & Bigger Properties

3 New listings

No Price changes

21 Active listings

9 Multi-Family Active listings

1 DABO
  • 1134 Bloomfield St., listed Jul 30 for$1.499M; reduced Sept 28 to $1.399M;
1 sold
  • 128 Jackson St., 4A listed Jun 14 for $739K; sold for $720K;
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2012 Oct 11th

The September Hoboken Condo Sales Results

The monthly number are here.  Average sales price dropped slightly (about 4%) from last month but still remain over half a million.  Activity is also down over last month with only 61 transactions recorded on the MLS in September.  Average sales price was down 6% over last September yet average price per square foot was up 3% and median price per square foot was up 8% over last year.

Look at the average and median prices for 3 bedroom properties.  Yet, my buyers still call seeing a 3 bedroom in the 600k range.  That’s a tough order to fill.

Inventory is still extremely low.  We would sell every unit on the market today in 2 and a half months at this rate of sales.  Here are the monthly numbers:

Stay tuned for the 3rd quarter results which will be posted shortly.

 

 

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